Miller Howard Investments Inc. NY Raises Stake in Eastman Chemical Company $EMN

Posted by Stanley Muller on Jun 24th, 2026

Miller Howard Investments Inc. NY increased its holdings in shares of Eastman Chemical Company (NYSE:EMN – Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600,368 shares of the basic materials company’s stock after acquiring an additional 45,077 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.53% of Eastman Chemical worth $45,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC purchased a new stake in shares of Eastman Chemical in the 4th quarter worth approximately $202,000. Integrated Wealth Concepts LLC boosted its holdings in Eastman Chemical by 185.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company’s stock worth $589,000 after acquiring an additional 4,345 shares in the last quarter. Millennium Management LLC boosted its holdings in Eastman Chemical by 69.2% in the first quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company’s stock worth $17,098,000 after acquiring an additional 79,376 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Eastman Chemical by 2.6% in the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company’s stock worth $644,000 after acquiring an additional 183 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Eastman Chemical in the first quarter worth $252,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

EMN has been the subject of several recent analyst reports. UBS Group lifted their price target on Eastman Chemical from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Royal Bank Of Canada increased their price objective on shares of Eastman Chemical from $79.00 to $82.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of Eastman Chemical in a research note on Monday, May 18th. Citigroup lifted their target price on shares of Eastman Chemical from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company upped their target price on shares of Eastman Chemical from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.25.

Get Our Latest Stock Analysis on EMN

Eastman Chemical Stock Down 3.5%

EMN stock opened at $69.43 on Wednesday. The stock has a market capitalization of $7.94 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71. Eastman Chemical Company has a 1-year low of $56.11 and a 1-year high of $83.47. The business has a fifty day moving average price of $73.22 and a 200-day moving average price of $71.35.

Eastman Chemical (NYSE:EMN – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. Eastman Chemical had a return on equity of 8.88% and a net margin of 4.62%.The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm posted $1.91 earnings per share. Eastman Chemical’s revenue was down 4.9% compared to the same quarter last year. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Equities analysts forecast that Eastman Chemical Company will post 6.36 earnings per share for the current fiscal year.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 15th will be paid a $0.84 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.8%. Eastman Chemical’s payout ratio is currently 97.39%.

Eastman Chemical Profile

(Free Report)

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.

The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.